GALA/USDT – 1H – SELLThe combination Gala/Tether (GALA/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.00372 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.00339148 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.00372 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00415 |
| 2nd High | 0.00375 |
| Next High | 0.00372 |
| Current Price | 0.003400000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00372 – 0.00368 – 0.00366 – 0.00353 – 0.00355 – 0.00335 —
0.003690000 – 0.003520000 —
56.222278508426 – 29.871738123929 —
– —
0.00372 – 1773702000